Carrying Charges

(See "Margin.") The interest charged by brokers for the amount of money advanced by them to customers in marginal transactions. Also a Chicago Board of Trade term indicating storage rates, interest, and insurance on grain or provisions.

Carrying-over Day. Same as "Contango Day."

Carry-over. This has reference to the arrangement (one or all) for delayed deliveries as explained under " Contango."


A term used in Germany with much the same significance as our use of the word "trust," in relation to control of competition between rival firms, the limiting and allotting production in harmony with the normal requirements of the market, etc.

Car Trust

A corporation formed for the especial purpose of purchasing railroad rolling stock and leasing the same to operating companies. In effect, the rolling stock is actually sold to the operating company, which pays for it by piecemeal, in the form of a rental, the cars, etc., becoming its property when final payment is made.

Securities are often issued by car trusts" secured by the equipment leased, the rentals as received going to reduce the indebtedness. Precautions to be taken in such an investment are set forth under the last paragraph of " Equipment Trust," all of which subject read.

Car Trust Certificates

See " Equipment Trust."

Cart-wheel. A United States silver dollar.

Cash Account

This is the account headed " Cash " in bookkeeping, under which all cash items received shall be placed upon the debit, or left-hand side, and all items of cash paid out, upon the credit, or right-hand side. The amount of cash on hand should always represent the difference between the footings of these two sides. " Cash " includes metallic money, bank bills, legal tender notes, checks, or other representatives of money. As it is impossible to pay out more cash than is received, it is clear that the credit side of the account will never be greater than the debit side, although it may equal it.

Cash Assets

Actual money on hand or within easy reach. Property quickly convertible into money is often Book. One of the account books used in bookkeeping, and one of original entry. In it are directly entered every transaction involving receipts or expenditures of cash, with a full explanation of each item. It is customary among many bookkeepers to balance this book at the close of each business day. The balance at such times should equal the amount of actual cash on hand.

Cash Dividend

A dividend paid in money or its representative, in contra-distinction to a "stock dividend," to which refer.